The Traderszone Network

Published in TZ Latest News 31 August, 2014 by The TZ Newswire Staff

Weak investment, trade drive second quarter contraction in German economy

Weak investment spending and slow trade led Germany to contract for the first time in over a year in the second quarter, data showed, suggesting Europe’s largest economy is running out of steam just as the impact of the crisis in Ukraine starts to bite. Germany’s Federal Statistics Office confirmed on Monday an earlier estimate showing a 0.2 percent contraction in seasonally-adjusted gross domestic product (GDP) on the quarter. “The second-quarter contraction was a reaction to the strong first quarter so I think we’ll return to moderate positive growth in the third …

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